Maryland Ifta | $1,000 Ifta Surety Bond
Also known as: ifta bond
Type of Bond
A Maryland IFTA bond refers to a surety bond required for motor carriers operating under the International Fuel Tax Agreement (IFTA) in the state of Maryland. IFTA is an agreement among several U.S. states and Canadian provinces that simplifies the reporting and payment of fuel taxes for vehicles operating across jurisdictions. The purpose of the bond is to ensure that motor carriers fulfill their obligations related to fuel tax reporting and payment under the IFTA. It serves as a financial guarantee that the bonded motor carrier will accurately report and remit the required fuel taxes to the appropriate jurisdictions. By obtaining the bond, the motor carrier agrees to comply with the regulations set forth by the Maryland Comptroller's Office or other relevant authorities. This includes maintaining accurate fuel records, filing timely tax returns, and paying the appropriate fuel taxes based on the distance traveled and fuel consumed in each jurisdiction. If the motor carrier fails to meet their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows the Maryland Comptroller's Office or other affected jurisdictions to seek financial compensation for any unpaid fuel taxes or non-compliance issues resulting from the motor carrier's actions. The bond amount for a Maryland IFTA bond is determined by the state's requirements and may vary depending on factors such as the carrier's estimated fuel usage and the number of qualified vehicles in their fleet. Motor carriers should consult with the Maryland Comptroller's Office or a surety bond provider to understand the specific bond amount and requirements applicable to their IFTA obligations.
Program
The price you'll pay for your $1,000 Ifta Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $1,000 Ifta Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $1,000 Ifta Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Ifta Bond Application process.
The Maryland Ifta Bond amount is currently set at $1,000.
Obligee Information
An obligee is the entity that is requiring you to have the Ifta bond.
Obligee: Comptroller Of Maryland
Street: 80 Calvert St
State: Maryland
Zip: 21404
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!